Ampersand Capital Group, L.P. is an SEC-registered investment adviser based in Burlingame, CA that reports managing 1 hedge fund on Form ADV. It reports $235.1 million in regulatory assets under management. Its private funds, of all types, hold $224.3 million in gross assets. Its disclosed U.S. stock holdings returned an estimated -18.0% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -8.2% from Q1 2025 to Q2 2026, compared with +27.4% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $235.1 millionForm ADV Item 5.F
- Gross assets of private funds
- $224.3 millionAll private fund types, Form ADV
- Hedge funds managed
- 11 private funds in total
- Employees
- 3Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 329612
- Latest Form ADV
- 03/12/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +5.3% | +14.8% |
| Q1 2026 | -22.1% | -4.6% |
| Q4 2025 | -6.2% | +2.4% |
| Q3 2025 | +4.7% | +7.8% |
| Q2 2025 | +24.1% | +10.4% |
| Q1 2025 | -8.2% | -4.5% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Global-e Online$48.2 million
- Mercadolibre Inc$44.8 million
- Doordash Inc$36.4 million
- Axon Enterprise Inc$28.3 million
- Shopify Inc CL A$24.3 million
- PTC Inc$24.1 million
- Booking Holdings Inc$15.6 million
As of 2026-06-30, from 13F filing by Ampersand Capital Group, L.P..
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures